Flexitanks Market Analysis

Flexitank is a bag used to transport non-hazardous and non-viscous (less than 1.6 specific gravity) bulk liquid cargos through ordinary 20 ft containers. Flexitanks are made up of a single layer or multilayer polyethylene or polyvinyl chloride. They can hold around 11,000-25,000 liters of liquid substances, such as industrial oils, food stuffs, and non-hazardous chemical liquids.

The food application segment accounted for the major shares of the flexitanks market. The increasing use of flexitanks to transport beer and wine, edible oils, food additives, glycerin, mineral water, fruit juice, and vegetable oils will contribute to the growth of this industry segment in the coming years.

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the flexitanks market throughout the forecast period. The increasing use of flexitanks for the transportation of agricultural production and rubber latex transportation will drive the growth of this market in the region.

Global Flexitanks market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Flexitanks.

This report researches the worldwide Flexitanks market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.